Morning Edition · Thursday, July 2, 2026
Markets
Oil Falls to Multi-Month Lows as Hormuz Shipping Resumes and the Iran Truce Holds
The first tankers are clearing the Strait of Hormuz and idle Iranian barrels are building at sea, which is removing the risk premium that the conflict had added to crude.
Geopolitics
Iran Prepares Funeral for Supreme Leader as US Talks Continue
Tehran will hold mass processions for a leader whose death it calls an assassination, even as negotiators agree to resume talks with Washington after the mourning.
Markets
Warsh Puts Inflation First, Lifting Yields as Chip and AI Shares Retreat
The Federal Reserve chair's emphasis on restraining prices raised US bond yields, while a decline in semiconductor stocks and a prominent short seller pressured the artificial-intelligence trade.
Geopolitics
Russia Launches Large Overnight Strike on Kyiv
Ukrainian authorities reported dozens of missiles and hundreds of drones against the capital, with casualty counts still being reconciled.
Crypto
Bitcoin Holds Above 60,000 Dollars as the Yen Jumps and Regulators Weigh Stablecoins
A sudden move in the Japanese currency on intervention fears coincides with debate over whether dollar-linked tokens should count as money.
World
Extreme Weather Squeezes Food, Fire and Power Across Three Continents
China's leadership orders forceful flood and drought measures, Spain enters peak fire season, and French shoppers rush to buy cooling units.
Macro
Europe Reaches for Growth as Berlin Passes a Reform Package and Brussels Fights Over Its Budget
Germany's coalition clears measures to lift growth while member states argue over how to fund the European Union's next long-term budget.
Tech
Europe's Top Court Upholds Google Fine and Backs Prosecution Over RT Content
Two rulings from the European Court of Justice underline how far the bloc will extend its authority over American technology firms and Russian state media.
Geopolitics
Indonesia and Belarus Deepen Ties in a Widening Non-Aligned Bloc
Jakarta's welcome for a sanctioned Belarusian leader signals how Global South economies are building commercial links outside Western frameworks.
Markets
Hong Kong Wealth Under Management Hits Record as Capital Returns to China
The territory's regulator reports assets of 5.38 trillion dollars, extending its position over rival financial centers.
Macro
Venezuela's Unusual Debt Restructuring Proceeds Without the IMF
Hazy numbers and the absence of the traditional lender of last resort make for a negotiation unlike the standard sovereign workout.
Geopolitics
Europe and Russia Harden Their Rupture Over Sabotage Charges and New Sanctions
German prosecutors say Ukraine's state ordered the Nord Stream attack as Brussels targets Russian drone makers and the Kremlin promises countermeasures.